Cryptocurrency derivatives have become increasingly popular, and contract trading is one of the most powerful tools for maximizing returns in volatile markets. BingX offers two main types of contracts—Perpetual Contracts and Standard Contracts—catering to both beginners and advanced traders. This comprehensive guide walks you through everything you need to know: how BingX contracts work, fee structures, leverage options, step-by-step trading instructions, and essential risk management strategies.
Whether you're new to crypto trading or looking to refine your strategy, this article provides clear insights into navigating BingX's contract platform safely and efficiently.
Understanding BingX Contract Types: Perpetual vs. Standard
BingX supports two distinct contract products: Perpetual Contracts and Standard Contracts. Each serves different trading styles and experience levels.
Perpetual Contracts
- Ideal for: Intermediate to advanced traders
Key Features:
- No expiration date
- Supports USDT as margin (U-Margin)
- Orders are merged into a single position per asset
- Offers higher liquidity with no spread
- Supports limit, market, and plan orders
In perpetual contracts, multiple entries on the same asset (e.g., BTC) are combined into one position. For example:
You open a long at $40,000 and another at $50,000. The system calculates an average entry price of $45,000 with a total holding of 2 BTC.
This simplifies portfolio tracking but requires careful monitoring under full margin mode, where losses in one position can impact others.
Standard Contracts
- Ideal for: Beginners or conservative traders
Key Features:
- BingX-exclusive product
- Supports both USDT (U-Margin) and coin-based margin (e.g., BTC)
- Each order is managed separately
- Simple interface with fixed spreads
- Only market and plan orders supported (no limit orders)
Unlike perpetuals, each trade remains independent. So if you buy BTC at $40,000 and again at $50,000, they appear as two separate positions—making it easier to track individual performance.
👉 Discover how top traders manage risk and maximize gains on advanced contract platforms.
Fee Structure: How Much Does BingX Charge?
Understanding fees is crucial for profitability. Let’s break down the cost models for both contract types.
Perpetual Contract Fees
Fees are charged on both opening and closing positions:
- Maker (limit order): 0.02% – 0.05%
- Taker (market order): 0.035% – 0.05%
Formula: Fee = Position Value × Fee Rate
Example:
Open a $500,000 BTC long using market order (Taker):
$500,000 × 0.05% = **$250 per side → Total round-trip fee: $500**
Limit orders reduce costs significantly—ideal for active traders aiming to minimize expenses.
Standard Contract Fees
- Single-sided fee: Charged only when closing
- Rate: Flat 0.045%
- Spread: 0.027% – 0.055%, depending on trading volume
While slightly higher than perpetuals in some cases, standard contracts eliminate complexity by removing order books and funding rates.
BingX VIP Tiers & Fee Discounts
High-volume traders can benefit from reduced fees through BingX’s VIP program:
| VIP Level | 30-Day Trading Volume (USDT) | Maker Fee | Taker Fee |
|---|---|---|---|
| Regular | — | 0.0200% | 0.0500% |
| VIP 1 | ≥10M | 0.0140% | 0.0400% |
| VIP 2 | ≥20M | 0.0120% | 0.0375% |
| VIP 3 | ≥50M | 0.0100% | 0.0350% |
Reaching VIP status lowers trading costs substantially—especially for frequent users.
👉 See how professional traders use low-fee platforms to boost net returns.
Leverage Options and Risk Management
BingX supports leverage from 1x to 125x, allowing users to amplify gains—but also increasing the risk of liquidation.
Real-World Example: Impact of Leverage
Assume you open a long on BTC at $60,000 with $500 margin:
| Leverage | Position Size | Loss After 5% Drop | Remaining Margin | Liquidated? |
|---|---|---|---|---|
| 5x | $2,500 | $125 | $375 | No |
| 20x | $10,000 | $500 | $0 | Yes |
Even a moderate price swing can wipe out highly leveraged positions. Always consider volatility and use stop-loss orders.
Step-by-Step BingX Contract Trading Guide
Step 1: Deposit and Transfer Funds
Deposit crypto or USDT into your spot account, then transfer to the Contract Account via the asset management section.
Step 2: Choose Position Mode
- Cross Margin (Full Margin): All positions share the same margin pool—higher risk if one trade fails.
- Isolated Margin (Per Order): Each position has dedicated margin—limits exposure.
Beginners should start with isolated margin to contain risks.
Step 3: Set Leverage
Adjust leverage based on your risk tolerance. Lower leverage (e.g., 5x–10x) offers more breathing room during market swings.
Step 4: Select Order Type
Available in perpetual contracts:
- Limit Order: Execute at a specific price.
- Market Order: Immediate execution at current price.
- Plan Order: Triggered when price hits a set level.
- Trailing Stop: Automatically follows price trends.
- Maker Only: Ensures you pay maker fees only.
Standard contracts support only market and plan orders.
Step 5: Choose Quantity Input Method
- By Quantity: Enter number of coins (e.g., 1 BTC).
- By Notional Value: Input amount in USDT (e.g., $60,000), useful for precise exposure control.
Step 6: Set Stop-Loss & Take-Profit
Always define exit points before entering a trade:
- Prevents emotional decisions
- Automates risk control
- Protects profits
Set these even if planning manual exits.
Step 7: Close Position
Positions close automatically if stop-loss/take-profit triggers. Otherwise, manually close via the “Open Positions” tab.
Practice Risk-Free with BingX Demo Trading
New users should try the BingX Virtual Demo Trading feature:
- Receive free VST (Virtual USDT) every 7 days
- Simulate real trading conditions without financial risk
- Practice both perpetual and standard contracts
This is an excellent way to test strategies, understand interface mechanics, and build confidence before going live.
Is BingX Legal and Safe?
BingX operates globally with compliance licenses in multiple jurisdictions including:
- European Union
- United States
- Canada
- Australia
Headquartered in Singapore, BingX maintains offices in Taiwan, Hong Kong, Vietnam, Estonia, and Australia. While not regulated in every country, its multi-jurisdictional licensing enhances credibility.
⚠️ Note: Scammers often impersonate BingX staff. The official team will never ask for your password or private keys.
Frequently Asked Questions (FAQ)
Q: What is the difference between isolated and cross margin?
A: Isolated margin assigns dedicated funds to each position—losses are limited to that position. Cross margin uses all available balance across positions, increasing risk but offering more flexibility.
Q: Can I trade contracts without owning the underlying asset?
A: Yes! Both perpetual and standard contracts allow short selling without holding actual crypto—perfect for profiting from price drops.
Q: Are there hidden fees on BingX?
A: No. All fees are transparently listed. Perpetual contracts have taker/maker fees; standard contracts charge a flat closing fee plus a small spread.
Q: How often are funding rates applied in perpetual contracts?
A: Every 8 hours. However, standard contracts do not have funding fees—making them simpler for short-term trades.
Q: Can I lose more than my initial investment?
A: No. BingX uses a clawback protection mechanism—your loss cannot exceed your margin balance.
Q: Is demo trading available for all contract types?
A: Yes. Both perpetual and standard contracts can be tested in demo mode using virtual funds.
Final Thoughts: Use Contracts Wisely
BingX delivers a robust, user-friendly contract trading environment with competitive fees and strong security practices. Its dual-contract system uniquely supports both novice and experienced traders.
However, contract trading is inherently risky—especially with high leverage. Always:
- Start small
- Use stop-losses
- Avoid over-leveraging
- Practice in demo mode first
👉 Learn how elite traders maintain discipline and consistency in volatile markets.
By combining sound strategy with platform knowledge, you can unlock significant opportunities while managing downside risks effectively.